Statutory Audit Services
Being a firm of practicing chartered accountants, our main activity consists in auditing the financial statements of companies and other organizations. Audit practices followed by Rahim Jan & Co. assists organizations and their managements achieve their business objectives, measuring performance and managing risks. This division is responsible for wide variety of services including mandatory and special audits, financial advice, investigations and statutory advice. It is the principal division and the firm has the large number of clients availing of the services of this division on a continuing basis.
The audit of financial statements audit and the integrity of our audit opinion for the users of financial statements is the foundation of audit services and provide relevant and insightful approach to our work. We provide opinions in accordance with national statutory requirements and in compliance with all relevant national and international regulations.
The audit methodology we follow is designed to meet applicable national and international auditing standards and encompasses the effective risk assessment and control testing methods and critical nature of substantive procedures.
Our professionals possess the adequate knowledge, skills, tools and experience to perform the audit engagement and deliver quality audit of the business processes, accounting policies, internal controls, and financial reporting issues specific to an organization.
To maintain the highest audit quality we make sure that our audit complies with changing regulations and professional standards. Satisfactory Quality Control Review (QCR) rating issued by the Quality Assurance Board of the Institute of Chartered Accountants of Pakistan is the evidence of our commitment towards application of auditing standards.
Internal Audit Services
Internal Audit Services provided by the firm focus on managing business and operational risks and identifying operational and profit improvement opportunities.
An effective internal audit function assures management that sound governance is practiced; critical business issues and risks are being effectively controlled; opportunities are identified and capitalized upon; and potential losses and fraud can be timely detected and prevented.
Rahim Jan & Co. can establish an internal audit function using internal audit professionals for an organization that does not have one. We assume our responsibility for performing the internal audit activities of an organization by using the standard methodologies issued by the Institute of Internal Auditors.